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Thursday, February 20, 2020  Spokane, Washington  Est. May 19, 1883
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Stories tagged: banking

UPDATED: Fri., Dec. 20, 2019

Sen. Mike Crapo lays out ‘significant concerns’ with federal marijuana banking bill

The chairman of the powerful Senate Banking Committee said this week he’d like to see several changes to a bill allowing banks and cannabis companies to work together without fear …

JPMorgan to push to hire more with criminal records

JPMorgan Chase & Co. is announcing an expansion of its policy to hire more people with criminal records, potentially giving more former offenders a second chance to find work.

UPDATED: Wed., Sept. 25, 2019

U.S. House passes marijuana banking bill, with support of Rep. Cathy McMorris Rodgers

The congresswoman said she supported the bill because of its limited scope, and potential to reduce crime by allowing state-approved marijuana firms from conducting business solely with cash.

UPDATED: Tue., June 25, 2019

Forbes magazine ranks Horizon Credit Union as third best credit union in the state

Forbes magazine has named Horizon Credit Union as one of the top five credit unions in Washington. The Spokane Valley-based credit union is ranked third on Forbes’ list of America’s …

UPDATED: Wed., Feb. 20, 2019

Spokane Federal Credit Union breaks ground on space to share finances and cup of coffee

Spokane Federal Credit Union broke ground Tuesday on its new Spokane Valley branch that will share a space with Revel 77 Coffee.

Where they stand: Rep. Cathy McMorris Rodgers, Lisa Brown on taxes, trade deals and the budget

The largest piece of legislation passed by this Congress was last year’s federal tax bill, which made sweeping changes to both individual and corporate filers. Rep. Cathy McMorris Rodgers says …

UPDATED: Sat., Aug. 18, 2018

At head of JPMorgan Chase’s operations in the Northwest, Phyllis Campbell looks back on upward career path

As chairwoman of the Pacific Northwest for JPMorgan Chase & Co. – the most senior executive in Washington, Oregon and Idaho – Phyllis Campbell is giving back to the community …

UPDATED: Wed., July 18, 2018

INB’s parent company reports improved 2Q earnings

Inland Northwest Bank’s parent company reported improved second quarter results Wednesday, as the company moves closer to a merger with a Montana bank.

Davidson urging Congress to let pot businesses use banks

State Treasurer Duane Davidson is working to get Congress to change federal laws and open banking to marijuana businesses in states where it’s legal.

UPDATED: Thu., May 24, 2018

Trump signs bill easing post-2008 crisis restraints on banks

President Donald Trump on Thursday signed into law a measure that loosens key restraints for banks imposed after the 2008 financial crisis and Great Recession. Savoring the legislative triumph, he …

UPDATED: Tue., May 22, 2018

Congress moves to dismantle key post-crisis bank rules

Congress moved Tuesday to dismantle a chunk of the rules framework for banks, installed to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and …

Bill to roll back post-financial crisis banking rules gets clear path to passage

The House will take up a Senate-passed bill rolling back banking regulations, breaking an impasse that imperiled passage of the legislation that is backed by the White House, Republicans and …

UPDATED: Thu., April 26, 2018

Montana company to acquire Spokane-based Inland Northwest Bank

A Montana company is buying Inland Northwest Bank – the latest acquisition of a publicly traded company headquartered in Spokane.

Cellphones, biometrics fuel jump in bank account ownership

Roughly 7 out of every 10 adults worldwide now have some form of bank account, the World Bank said last week, largely because of the proliferation of cellphone-based bank accounts …

UPDATED: Fri., April 20, 2018

Wells Fargo to pay $1B for mortgage, auto lending abuses

Wells Fargo will pay $1 billion to federal regulators to settle charges tied to misconduct at its mortgage and auto lending business, the latest punishment levied against the banking giant …

Banner Corp. reports 4Q loss, cites one-time tax expense

The parent company of Banner Bank reported $13.5 million in fourth-quarter losses, which officials attributed to a one-time tax expense.

UPDATED: Tue., Jan. 2, 2018

INB increases wages, hands out bonuses due to tax reform bill

A Spokane bank raised its starting wage to $15 per hour and gave out year-end bonuses in reaction to federal tax reform. INB officials say the raises benefit the community …

UPDATED: Tue., Nov. 7, 2017

Seattle bank’s app among numerous technologies targeting ATM theft, other fraud

Even though ATM skimming has not yet become a major problem in the Northwest, a Seattle-based bank wants to be ahead of the crime wave by rolling out technology that …

U.S. sanctions against Hezbollah will not target banks: Banker

New U.S. sanctions against the militant Hezbollah group expected to be released in the near future are not likely to affect the country’s banking sector that is the backbone of …

Then and Now: The long banking history of Riverside and Howard

The southwest corner of Riverside Avenue and Howard Street has been the epicenter of the Spokane banking business for more than 120 years.

Hawaii says it’s 1st state to go cashless for pot sales

Hawaii said Tuesday that it aims to be the first state to have marijuana sales handled without cash, saying it wanted to avoid robberies and other crimes targeting dispensaries.

UPDATED: Fri., Aug. 25, 2017

Yellen defends banking overhaul passed after 2008 crisis

Federal Reserve Chair Janet Yellen on Friday defended the web of regulations the Fed helped enact after the 2008 financial crisis, saying it helped restore the banking system’s health and …

Stock market’s Goldilocks rally still has growth potential

The “Goldilocks” rally still has juice. That perfect environment to sustain broad market gains – when global growth is fast enough to lift corporate profits, but tame enough to keep …

UPDATED: Thu., July 27, 2017

Banner announces 2Q income, branches’ sale

Executives at Banner Corp., the parent company of Banner Bank and Islanders Bank, said strong business activity led to growth in its second quarter income.

Average U.S. mortgage rates fall; 30-year at 3.96 percent

Long-term U.S. mortgage rates declined this week after two straight weeks of increases. The benchmark 30-year rate slipped back below the significant 4 percent level.

UPDATED: Wed., July 19, 2017

Wall Street efforts to improve its image fail to sway Americans

Bad news for financial titans like JPMorgan Chase’s Jamie Dimon and Goldman Sachs Group’s Lloyd Blankfein: Most Americans hold unfavorable views of Wall Street banks and corporate executives, and distrust …

UPDATED: Fri., July 14, 2017

Wells Fargo’s 2Q profit rises along with interest rates

Wells Fargo said its profit edged higher in the second quarter as the bank got a boost from rising interest rates and the planned sale of its insurance service business.

UPDATED: Fri., July 14, 2017

JPMorgan’s Dimon lashes out at Washington over gridlock

Jamie Dimon, the chief executive of the nation’s largest bank, vented his irritation with politicians and the news media on Friday, arguing that the nation is spending too much time …

Federal Reserve tells Congress further rate hikes on the way

The Federal Reserve said Friday it expects the U.S. economy will strengthen and warrant further gradual increases in its key interest rate.

Long-term mortgages rise to highest level since mid-May

Long-term U.S. mortgage rates rose this week to highest level since mid-May.